Los Angeles

LACERA to hire StepStone as new real estate consultant

Los Angeles County Employees Retirement Association (LACERA) is planning to hire StepStone Group Real Estate as its new real estate consultant. The $58.5bn pension fund, which issued a request for proposal (RFP) last year, said in a meeting document that it is recommending the hiring of StepStone due to the consultant’s investment style and attractive fee discount. Seven firms responded to ...

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